The cryptocurrency market has grown sharply after the decision of the US Federal Reserve

The cryptocurrency market has experienced significant growth as a result of the Federal Reserve’s decision to cut interest rates. This decision was the first in several years and had a powerful impact on global financial markets, including cryptocurrencies.

According to analytical data, after the announcement, bitcoin, the largest cryptocurrency by market capitalization, jumped by almost 10% in a few hours. At the same time, Ethereum, the second largest cryptocurrency, also showed significant growth, adding 8% to its value. Other cryptocurrencies, including Binance Coin, Solana, and Cardano, also showed positive dynamics, strengthening their positions in the market.

Experts believe that this rate cut may indicate the beginning of a new financial cycle that will boost the growth of alternative assets such as cryptocurrencies. Amid uncertainty in traditional markets, investors are increasingly looking for safer options for preserving their capital. Cryptocurrencies, with their decentralized nature and limited supply, are seen as potentially profitable investments in the face of future economic instability.

«The reduction in the discount rate is a signal to investors that the Fed is trying to stimulate the economy, which may cause additional interest in digital assets,» one of the leading market analysts commented.

Among other important events in the cryptocurrency market related to the rate cut, it is worth noting the growth in trading volumes. Over the past day, trading volumes on leading cryptocurrency exchanges have increased by more than 20%, which indicates the activation of both retail investors and large market players.